CVC, Inc. Completes Initial Public Offering of Common Stock
CVC, Inc. Completes Initial Public Offering of Common Stock
ROCHESTER, NY. CVC, Inc. (NASDAQ: CVCI), a worldwide supplier of cluster tool equipment for the fabrication of thin film recording heads and semiconductor devices, today announced it has successfully completed the initial public offering of 3,500,000 shares of Common Stock at an initial public offering price of $10.00 per share. Of the 3,500,000 shares of Common Stock offered, 3,000,000 shares were sold by CVC, Inc. and 500,000 shares were sold by selling stockholders. The selling stockholders granted the underwriters of the public offering an option to purchase up to 525,000 additional shares to cover over-allotments. The initial public offering was managed by Lehman Brothers, Prudential Securities, SG Cowen and Warburg Dillon Read LLC. CVC provides cluster tool manufacturing equipment for Physical Vapor Deposition (PVD) by plasma sputtering or via Ion Beam Deposition (IBD), Ion Beam Etch (IBE), Diamond-like Carbon (DLC) and Metal-Organic Chemical Vapor Deposition (MOCVD). CVC s process solutions address the production of the evolving GMR recording head fabrication, MRAM devices and specialty applications, such as GaAs, bump metallization, and passive components. CVC, Inc. operates Advanced Product Development, Systems Engineering, Applications Engineering, Customer Service and Technical Support centers throughout the world. CVC, Inc. is based in Rochester, New York, and on the Web at www.cvc.com. A prospectus relating to this offering may be obtained from: Lehman Brothers Attn: Prospectus Department 3 World Financial Center 200 Vesey Street New York, NY 10285 (212) 526-7000 This communication is not an offer to sell or a solicitation of an offer to buy common stock in any jurisdiction where it is unlawful.
CONTACT:
CVC, Inc.
Zoe A. Piliero
Director of Corporate Communications
716/458-2550 ext.3136
zpiliero@cvc.com
Emilio O. DiCataldo
Sr. Vice President & Chief Financial Officer
716/458-2550 ext.3215
dicataldo@cvc.com
Communications716/458-2550 ext.3136 zpiliero@cvc.comEmilio O.
DiCataldoSr. Vice President & Chief Financial Officer716/458-2550
ext.3215 dicataldo@cvc.com
E-mail: dicataldo@cvc.com
Web site: http://www.cvc.com
